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Asian markets trade mostly lower in early deals on Tuesday

12 Nov 2024 Evaluate
Asian markets traded mostly lower in early deals on Tuesday, pressured by the risk aversion in the market ahead to this week’s US inflation data and on woes that policy proposals by US President-elect Donald Trump, including increased tariffs might complicate the US Fed's interest-rate plans. Sharp sell-off in financial and technological sector stocks also saddled equity investments. Hang Seng plunged to lowest in three weeks amid caution ahead of Chinese activity data for October, including industrial output and retail sales, due later in the week.

Nikkei 225 down by 372.40 points 0.94% to 39,160.92, Hang Seng tumbled by 353.11 points 1.76% to 20,073.82, Shanghai Composite diminished by 2.15 points or 0.06% to 3,467.92, Straits Times dipped by 26.95 points 0.72% to 3,712.52, KOSPI Index declined by 31.73 points or 1.25% to 2,499.93, Taiwan Weighted lower by 447.77 points or 1.90% to 23,081.87, and FTSE Bursa Malaysia KLCI shrunk by 2.06 points or 0.13% to 1,611.32.

On the flip side, Jakarta Composite up by 45.51 points or 0.63% to 7,311.97.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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